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New India Cooperative Bank Scam: Accused Hitesh Mehta, Dharmesh Paun remanded to police custody till February 21

  • Hitesh Mehta, former general manager of New India Cooperative Bank, was arrested on February 15, 2025, for allegedly misappropriating ₹122 crore, according to police officials.
  • The Reserve Bank of India superseded the bank's board and appointed an administrator due to liquidity issues on February 14, 2025.
  • Devarshi Ghosh, acting CEO of the bank, lodged a complaint against Mehta for the alleged embezzlement, which started after the COVID-19 pandemic.
  • Customers have been restricted from withdrawals due to RBI regulations following the bank's mismanagement and liquidity crisis.
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Live MintLive Mint

New India Cooperative Bank Scam: Accused Hitesh Mehta, Dharmesh Paun remanded to police custody till February 21

A Mumbai Court has sent New India Cooperative Bank scam accused Hitesh Mehta and Dharmesh Paun to Police custody till 21 February.

·New Delhi, India
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Tribune IndiaTribune India

Police arrest New India Cooperative Bank’s General Manager in Rs 122 crore fraud - The Tribune

General Manager Hitesh Mehta to be produced before a local court on Sunday.

·Chandigarh, India
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India TV NewsIndia TV News

New India Cooperative Bank GM Hitesh Mehta arrested by EOW for allegedly embezzling Rs 122 crore

New India Cooperative Bank GM Hitesh Mehta arrested by Economic Offences Wing (EOW) of the Mumbai Police on Saturday in a fraud case. Earlier in the day, the EOW officers interrogated Hitesh in the fraud case. Notably, Hitesh Mehta's medical check-up has been done by the police on the charge of New India cooperative bank scam. Hitesh Mehta's lawyer Chandrakant Ambani said that his client is being framed as he has not embezzled any money. He stat…

·India
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NDTVNDTV

Case Against New India Co-operative Bank Manager Over Rs 122 Crore Fraud

The Mumbai police have registered a case against the New India Cooperative Bank's General Manager for allegedly embezzling Rs 122 crore of funds.

·New Delhi, India
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The HinduThe Hindu

New India Cooperative Bank General Manager arrested for ‘misappropriation’ of ₹122 crore

Mumbai police investigate embezzlement of ₹122 crore from New India Cooperative Bank, leading to RBI restrictions and board supersession.

·India
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dailyexcelsior.comdailyexcelsior.com

New India Coop Bank looted by BJP members, claims Raut; slams govt for keeping mum

Mumbai, Feb 17: Shiv Sena (UBT) MP Sanjay Raut on Monday alleged that members of the BJP were involved in looting the New India Cooperative Bank, where funds of Rs 122 crore have been misappropriated, and questioned the Maharashtra government’s silence on the issue. Two persons, including Hitesh Mehta, the general manager and head of accounts of the New India Cooperative Bank, have been arrested for allegedly embezzling Rs 122 crore from the saf…

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The Hindu broke the news in India on Saturday, February 15, 2025.
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